Latest news with #IVCARenewableEnergySummit
Time of India
6 days ago
- Business
- Time of India
India's renewable capacity addition jumps 420% in June to 7.3 GW: Union Minister Pralhad Joshi
India's renewable energy sector reported a 420 per cent year-on-year growth in capacity addition in June 2025, rising from 1.4 GW last year to 7.3 GW this year, said Pralhad Joshi, Union Minister for New and Renewable Energy. Joshi was speaking at the IVCA Renewable Energy Summit in Mumbai on Tuesday. The minister highlighted that India has witnessed an astonishing 4,000 per cent increase in solar energy capacity , growing from 2.82 GW to 117 GW by 2025. Wind energy capacity also rose from 21 GW to 51.7 GW in the same period, marking a 140 per cent increase. Solar tariffs, however, have declined by 80 per cent-from ₹10.95/unit in 2010-11 to ₹2.15/unit currently. "As a result, even solar with battery storage now costs less than thermal. In 2024, 83 per cent of power sector investments were directed towards renewables. We were the largest recipient of global energy development finance, attracting $2.4 billion for clean energy in a single year." Since 2020, the sector has attracted foreign direct investment exceeding ₹1.6 lakh crore, including ₹42,000 crore in 2023 alone. In the first quarter of 2025, clean energy investment surged 7.7 times year-on-year to $9.8 billion. "Investors who backed this transition have already seen multiple returns. So should you," Joshi said, inviting further capital participation in the sector. The minister also cited India's largest waste-to-energy plant in Ahmedabad, which converts 1,000 tonnes of solid waste daily into electricity. "These are examples of how India's energy transition is not only sustainable but also inclusive, benefitting cities, farmers, and communities," he added.
Time of India
6 days ago
- Business
- Time of India
India's renewable energy capacity soars 420% in June, solar now cheaper than coal
Mumbai: India's renewable energy sector reported a 420% year-on-year growth in capacity addition in June 2025, rising from 1.4 GW last year to 7.3 GW this year, said Prahlad Joshi, Union Minister for New and Renewable Energy. Joshi was speaking at the IVCA Renewable Energy Summit in Mumbai on Tuesday. The minister highlighted that India has witnessed an astonishing 4,000% increase in solar energy capacity , growing from 2.82 GW to 117 GW by 2025. Wind energy capacity also rose from 21 GW to 51.7 GW in the same period, marking a 140% increase. Solar tariffs, however, have declined by 80%-from ₹10.95/unit in 2010-11 to ₹2.15/unit currently. "As a result, even solar with battery storage now costs less than thermal. In 2024, 83% of power sector investments were directed towards renewables. We were the largest recipient of global energy development finance, attracting $2.4 billion for clean energy in a single year." Since 2020, the sector has attracted foreign direct investment exceeding ₹1.6 lakh crore, including ₹42,000 crore in 2023 alone. In the first quarter of 2025, clean energy investment surged 7.7 times year-on-year to $9.8 billion. "Investors who backed this transition have already seen multiple returns. So should you," Joshi said, inviting further capital participation in the sector. Live Events The minister also cited India's largest waste-to-energy plant in Ahmedabad, which converts 1,000 tonnes of solid waste daily into electricity. "These are examples of how India's energy transition is not only sustainable but also inclusive, benefitting cities, farmers, and communities," he added.
Time of India
14-07-2025
- Business
- Time of India
Union Minister Pralhad Joshi to outline vision for India's renewable energy future
Mumbai: India's clean energy ambitions are set to take centre stage as Shri Pralhad Venkatesh Joshi, Hon'ble Union Minister of New & Renewable Energy, Government of India, will attend the IVCA Renewable Energy Summit 2025 as Chief Guest and deliver the Keynote Address. The event, hosted by the Indian Venture and Alternate Capital Association (IVCA), will take place on July 15 in Mumbai. Bringing together leaders from across the private equity, venture capital, and alternative investment landscape, the summit is a national platform to galvanise climate-aligned private capital in support of India's energy transition goals. Organised in collaboration with Avendus, EAAA Alternatives, and Singularity Capital, the event will convene policymakers, institutional investors, family offices, climate-tech entrepreneurs, and financial innovators. Speaking ahead of the event, Shri Pralhad Joshi said, "India's clean energy transformation is not just an environmental goal--it is a national mission. From renewable generation to battery storage and green manufacturing, private capital will be key to achieving our 500 GW non-fossil fuel capacity target by 2030. I look forward to addressing the IVCA Renewable Energy Summit and reinforcing the government's commitment to building a robust, investment-friendly ecosystem for sustainable growth." India's clean energy sector is witnessing unprecedented momentum. In 2024, renewables accounted for 83% of total power sector investments, while non-fossil fuel capacity climbed to 44%, underscoring the country's strong trajectory toward the 2030 target. India now ranks among the top three countries globally in renewable energy capacity addition. As the government ramps up efforts to scale solar, wind, storage, and green hydrogen infrastructure, it has placed a renewed emphasis on public-private partnerships. Policy innovations, including viability gap funding for battery storage, incentives for offshore wind development, and grid expansion across new geographies, are designed to enable institutional capital participation at scale. This creates a clear opportunity for Private Equity, Venture Capital, and AIFs to partner in India's next phase of green growth. IVCA President Rajat Tandon said, "We are privileged to have Hon'ble Minister Shri Pralhad Joshi join us at the summit. His visionary leadership--whether in scaling renewable energy investments, battery storage, or creating a supportive policy ecosystem--has been instrumental in shaping India's green growth story. His presence reaffirms the government's commitment to enabling public-private partnerships that drive sustainable, long-term impact."
Business Standard
14-07-2025
- Business
- Business Standard
Union Minister Pralhad Joshi to Outline Vision for India's Renewable Energy Future
NewsVoir Mumbai (Maharashtra) [India], July 14: India's clean energy ambitions are set to take centre stage as Shri Pralhad Venkatesh Joshi, Hon'ble Union Minister of New & Renewable Energy, Government of India, will attend the IVCA Renewable Energy Summit 2025 as Chief Guest and deliver the Keynote Address. The event, hosted by the Indian Venture and Alternate Capital Association (IVCA), will take place on July 15 in Mumbai. Bringing together leaders from across the private equity, venture capital, and alternative investment landscape, the summit is a national platform to galvanise climate-aligned private capital in support of India's energy transition goals. Organised in collaboration with Avendus, EAAA Alternatives, and Singularity Capital, the event will convene policymakers, institutional investors, family offices, climate-tech entrepreneurs, and financial innovators. Speaking ahead of the event, Shri Pralhad Joshi said, "India's clean energy transformation is not just an environmental goal--it is a national mission. From renewable generation to battery storage and green manufacturing, private capital will be key to achieving our 500 GW non-fossil fuel capacity target by 2030. I look forward to addressing the IVCA Renewable Energy Summit and reinforcing the government's commitment to building a robust, investment-friendly ecosystem for sustainable growth." India's clean energy sector is witnessing unprecedented momentum. In 2024, renewables accounted for 83% of total power sector investments, while non-fossil fuel capacity climbed to 44%, underscoring the country's strong trajectory toward the 2030 target. India now ranks among the top three countries globally in renewable energy capacity addition. As the government ramps up efforts to scale solar, wind, storage, and green hydrogen infrastructure, it has placed a renewed emphasis on public-private partnerships. Policy innovations, including viability gap funding for battery storage, incentives for offshore wind development, and grid expansion across new geographies, are designed to enable institutional capital participation at scale. This creates a clear opportunity for Private Equity, Venture Capital, and AIFs to partner in India's next phase of green growth. IVCA President Rajat Tandon said, "We are privileged to have Hon'ble Minister Shri Pralhad Joshi join us at the summit. His visionary leadership--whether in scaling renewable energy investments, battery storage, or creating a supportive policy ecosystem--has been instrumental in shaping India's green growth story. His presence reaffirms the government's commitment to enabling public-private partnerships that drive sustainable, long-term impact." The summit agenda includes sessions on: * Accelerating clean power finance through innovative models * Enabling clean mobility, AI, and hydrogen ecosystems through renewables * Energy storage, grid tech and hybrid systems * Policy frameworks for capital deployment The speaker lineup features Dr. Ruchi Chojer, Executive Director, SEBI, and Shri Vishal Kumar Dev, Principal Secretary, Energy, Govt. of Odisha, alongside leaders from top financial institutions, family offices, development banks, and pioneering cleantech startups. The IVCA Renewable Energy Summit 2025 promises to be a watershed moment in aligning capital with climate goals--highlighting how alternate capital can help unlock India's full green potential. The Indian Venture & Alternate Capital IVCA is a not-for-profit, apex industry body promoting the alternate capital industry and fostering a vibrant investing ecosystem in India. IVCA is committed to supporting the ecosystem by facilitating advocacy discussions with the government of India, policymakers, and regulators, resulting in the rise of entrepreneurial activity, innovation, and job creation in India and contributing towards the development of India as a leading fund management hub. IVCA represents 450+ funds with a combined AUM of over $350 Bn. Our members are the most active domestic and global VCs, PEs, funds for infrastructure, real estate, credit funds, limited partners, investment companies, family offices, corporate VCs, and knowledge partners. These funds invest in emerging companies, venture growth, buyout, special situations, distressed assets, and credit and venture debt, among others.
Fashion Value Chain
14-07-2025
- Business
- Fashion Value Chain
Union Minister Pralhad Joshi to Outline Vision for India's Renewable Energy Future
Private Equity, Venture Capital and AIFs Poised to Play Central Role in Nation's Clean Energy Ambitions India eyes 500 GW of non-fossil fuel capacity by 2030; clean energy sector sees record capital flows and policy momentum Hon'ble Minister to deliver Keynote Address as Chief Guest at the IVCA Renewable Energy Summit 2025 in Mumbai on July 15 India's clean energy ambitions are set to take centre stage as Shri Pralhad Venkatesh Joshi, Hon'ble Union Minister of New & Renewable Energy, Government of India, will attend the IVCA Renewable Energy Summit 2025 as Chief Guest and deliver the Keynote Address. The event, hosted by the Indian Venture and Alternate Capital Association (IVCA), will take place on July 15 in Mumbai. Union Minister Pralhad Joshi to Outline Vision for India's Renewable Energy Future Bringing together leaders from across the private equity, venture capital, and alternative investment landscape, the summit is a national platform to galvanise climate-aligned private capital in support of India's energy transition goals. Organised in collaboration with Avendus, EAAA Alternatives, and Singularity Capital, the event will convene policymakers, institutional investors, family offices, climate-tech entrepreneurs, and financial innovators. Speaking ahead of the event, Shri Pralhad Joshi said, 'India's clean energy transformation is not just an environmental goal-it is a national mission. From renewable generation to battery storage and green manufacturing, private capital will be key to achieving our 500 GW non-fossil fuel capacity target by 2030. I look forward to addressing the IVCA Renewable Energy Summit and reinforcing the government's commitment to building a robust, investment-friendly ecosystem for sustainable growth.' India's clean energy sector is witnessing unprecedented momentum. In 2024, renewables accounted for 83% of total power sector investments, while non-fossil fuel capacity climbed to 44%, underscoring the country's strong trajectory toward the 2030 target. India now ranks among the top three countries globally in renewable energy capacity addition. As the government ramps up efforts to scale solar, wind, storage, and green hydrogen infrastructure, it has placed a renewed emphasis on public-private partnerships. Policy innovations, including viability gap funding for battery storage, incentives for offshore wind development, and grid expansion across new geographies, are designed to enable institutional capital participation at scale. This creates a clear opportunity for Private Equity, Venture Capital, and AIFs to partner in India's next phase of green growth. IVCA President Rajat Tandon said, 'We are privileged to have Hon'ble Minister Shri Pralhad Joshi join us at the summit. His visionary leadership-whether in scaling renewable energy investments, battery storage, or creating a supportive policy ecosystem-has been instrumental in shaping India's green growth story. His presence reaffirms the government's commitment to enabling public-private partnerships that drive sustainable, long-term impact.' The summit agenda includes sessions on: Accelerating clean power finance through innovative models Enabling clean mobility, AI, and hydrogen ecosystems through renewables Energy storage, grid tech and hybrid systems Policy frameworks for capital deployment The speaker lineup features Dr. Ruchi Chojer, Executive Director, SEBI, and Shri Vishal Kumar Dev, Principal Secretary, Energy, Govt. of Odisha, alongside leaders from top financial institutions, family offices, development banks, and pioneering cleantech startups. The IVCA Renewable Energy Summit 2025 promises to be a watershed moment in aligning capital with climate goals-highlighting how alternate capital can help unlock India's full green potential. About IVCA The Indian Venture & Alternate Capital IVCA is a not-for-profit, apex industry body promoting the alternate capital industry and fostering a vibrant investing ecosystem in India. IVCA is committed to supporting the ecosystem by facilitating advocacy discussions with the government of India, policymakers, and regulators, resulting in the rise of entrepreneurial activity, innovation, and job creation in India and contributing towards the development of India as a leading fund management hub. IVCA represents 450+ funds with a combined AUM of over $350 Bn. Our members are the most active domestic and global VCs, PEs, funds for infrastructure, real estate, credit funds, limited partners, investment companies, family offices, corporate VCs, and knowledge partners. These funds invest in emerging companies, venture growth, buyout, special situations, distressed assets, and credit and venture debt, among others.
